SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported)
November 7, 1997
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Geo Petroleum, Inc.
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(Exact name of registrant as specified in its charter)
California 0-20915 33-0328958
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
501 Deep Valley Drive, Suite 300
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Rolling Hills Estates, CA 90274
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
310-265-0721
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(Former name or former address, if changed since last report.)
<PAGE>
Geo Petroleum, Inc.
Item 5 Other Events
Geo Petroleum, Inc. Announces New President & C.O.O.
Rolling Hills Estates, CA, November 10, 1997: Geo
Petroleum, Inc. (Symbol: GOPL), an independent oil and gas
company specializing in high technology energy development, with
offices in Rolling Hills Estates, California, and Tulsa,
Oklahoma, announced today that the Company has entered into a
contract to appoint Larry R. Burroughs, P.Eng., as President,
Chief Operating Officer, and member of the Board of Directors.
Mr. Burroughs was the President of Saba Petroleum, Inc. and of
Saba Exploration Company, and then Vice President of
International Operations for Saba Petroleum Company. Gerald T.
Raydon continues as Chairman and has been elected Chief
Executive Officer of Geo.
Mr. Burroughs will focus on the development of Geo's Vaca
Tar Sand horizontal well project and on industrial waste
disposal operations. Geo's interest in the Vaca Tar Sand is
credited with over 27,000,000 net bbls of recoverable heavy oil,
and is the center of Geo's new growth strategy. Geo and Saba
Petroleum, Inc. will drill a Steam Assisted Gravity Drainage
(SAGD) pair of high technology horizontal wells in the first
quarter of 1998, and then continue development of the 635-acre
lease block.
Safe Harbor for Forward-Looking Statements: Except for
historical information contained herein, the statements in this
news release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results in the future periods to differ
materially from forecasted results. These risks and
uncertainties include, among things, volatility of oil prices,
product demand, market competition, risk inherent in the
Company's international operations, imprecision of reserve
estimates and the Company's ability to replace and expand oil
and gas reserves. These and other risks are described in the
Company's Annual Report on Form 10KSB and other filings with the
Securities and Exchange Commission.
<PAGE>
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
Geo Petroleum, Inc.
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Registrant
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/s/ GERALD T. RAYDON
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GERALD T. RAYDON
(CHAIRMAN AND CHIEF EXECUTIVE OFFICER)
